According to the research of Future Market Insights, the market for Savory Yogurt is anticipated to expand at a CAGR of 5.7% over the forecasted time period. According to projections, the industry would be worth US$ 1,811.2 Million by 2032, up from US$ 1,040.4 Million in 2022. At the end of 2021, the Savory Yogurt Market was valued at US$ 986.2 Million.
| Attributes | Details |
|---|---|
| Market Size Value in 2022 | US$ 1,040.4 Million |
| Market Forecast Value in 2032 | US$ 1,811.2 Million |
| Global Growth Rate (2022 to 2032) | 5.7% |
| Forecast Period | 2022 to 2032 |
| Global Market Share of USA, Germany, Japan, and Australia | 70.8% |
Unlike regular yogurt, savory yogurt has a savory flavor and is garnished with a variety of vegetables, herbs, and flavors rather than fruits and sweets. Typically, it is added to baked potatoes, dressings, and dips during cooking. There is evidence that probiotics reduce the brain's reaction to disappointment, increasing resilience to anxiety and depression.
The demand for all-in-one products is rising along with the need for convenience foods. For such health-conscious consumers, Savory Yogurts offer an all-in-one alternative since they contain dairy proteins, a serving of vegetables, and a Savory flavor.
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The Global Market for Savory Yogurt increased from US$ 796.1 Million to US$ 986.2 Million between 2017 and 2021 with a CAGR of 5.5%.
The market for savory yogurt is anticipated to be driven by the rising number of health-conscious consumers. The market for savory yogurt is also anticipated to be driven by rising demand for savory taste yogurt in drinkable yogurt and an increase in whole milk cultured dairy products in recent years.
Additionally, the market for Savory Yogurt has grown significantly due to changes in consumer nutritional preferences and an increase in annual disposable income. Customers enjoy Savory Yogurt for breakfast, as an early-afternoon snack, or as dessert since it has a basic, scarcely acidic basis. The savory yogurt is often used as a foundation for a dip, garnish, or even as a fat alternative in baking.
During the forecast period, the global Savory Yogurt Market is anticipated to grow from US$ 1,040.4 Million in 2022 to US$ 1,811.2 Million by 2032 with a healthy CAGR of 5.7%.
As the US Savory Yogurt market continues to grow, it is shaping the future of the industry. The market is expected to reach US$ 342.3 million by 2022, and its growth is driven by a number of factors.
In recent years, the US Savory Yogurt market has been growing at a rapid pace. This is due to the rising popularity of Yogurts with Savory flavors among American consumers.
There are a number of factors that have contributed to the growth of the US Savory Yogurt market. First, there has been an increasing demand for healthy and nutritious food products among American consumers. This has led to a greater demand for Yogurt, which is considered to be a healthy food product. Second, the rise in disposable incomes among American consumers has resulted in a greater demand for premium and premium-priced Yogurts, such as those with Savory flavors. Third, the increasing popularity of international cuisines among Americans has also led to a greater demand for Savory Yogurts.
Savory Yogurt is becoming increasingly popular in Europe as consumers seek out new and interesting flavors. European consumers are embracing Savory Yogurt as a tasty and healthy alternative to other snacks such as sugary desserts or salty chips. Sales of Savory Yogurt are booming in Europe as consumers become more adventurous with their food choices. In terms of revenue, Europe is second after North America in the world for the savory yogurt market.
China dominates the Asia-Pacific region's market in terms of revenue among all other nations. The China Savory Yogurt Market will grow at 4.3% CAGR between 2022 and 2032.
As the Savory Yogurt category continues to grow in China, manufacturers are introducing new products and flavors to appeal to Chinese consumers’ taste preferences.
The Market for Savory Yogurt in India is growing at a CAGR of 4.7%, during the forecast period. There are several factors that have contributed to the growth of the Savory Yogurt market in India. First, there has been a shift in consumer preference toward healthy and nutritious food products. This is especially true among urban consumers who are increasingly health-conscious and seek out food products that offer health benefits. Second, the growing popularity of Western-style Yogurt products has also boosted demand for Savory Yogurt in India.
Principal Consultant
In terms of value and volume, stirred yogurts possessed the largest market share in the savory yogurt market. Stirred Yogurt is a type of Yogurt that has been mixed or stirred. It is usually made by combining milk and Yogurt cultures and then stirring the mixture until it becomes thick and creamy. Stirred Yogurt can also be made by adding fruit, nuts, or other flavors to plain Yogurt and then stirring the mixture.
Due to their extensive shelf space and the capacity to provide a variety of brands, supermarkets, and hypermarkets are predicted to have a reasonably high revenue share in the savory yogurt industry.
Mass Merchandisers and Independent Retailers are the other sales channels available in the market. Mass merchandisers are typically large, national chains that sell a wide variety of products in one location. They usually have lower prices than independent retailers, but their selection is often more limited.
Independent retailers are smaller, locally-owned stores that often specialize in a certain type of product or service. They may have higher prices than mass merchandisers, but they often offer more personalized service and a wider selection.
The Savory Yogurt category is now one of the most competitive in the grocery store landscape, with a number of brands vying for market share. Those that can successfully differentiate themselves will be well-positioned to capture a larger share of the market.
The thorough evaluation of the report provides the growth potential, upcoming trends, and statistics of the Savory Yogurt Market size and what it predicts for the future. The report also analyses the market trend drivers and challenges and the competitive evaluation of the existing market.
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| Attribute | Details |
|---|---|
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2022 |
| Market Analysis | USD Million for Value and Units for Volume |
| Key Regions Covered | North America; Latin America; Western Europe; Eastern Europe; Asia Pacific Excluding Japan; Middle East & Africa (MEA) |
| Key Countries Covered | Philippines, India, Malaysia, Thailand, The USA, Germany, China, Japan, Denmark, Canada, Mexico, Poland, The UK, Turkey, France, Italy, Spain, South Korea, Russia, Australia, Brazil, Argentina, South Africa |
| Key Segments Covered | Product Type, Sales Channel, Region |
| Key Companies Profiled | Chahani LLC; Noosa Yogurt; Fage International S.A; General Mills Inc.; Blue Hill Inc; The Icelandic Milk; General Mills Inc; Chobani LLC; Wallaby Yogurt Company |
| Report Coverage | DROT Analysis, Market Forecast, Company Share Analysis, Market Dynamics and Challenges, Competitive Landscape, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The Savory Yogurt Market will reach nearly US$ 1,040.4 Million by 2022.
The Savory Yogurt Market is expected to rise at a CAGR of 5.7%.
US, UK, and China are the major countries driving the demand for Savory Yogurt Market.
The China Savory Yogurt Market will grow at 4.3% CAGR between 2022 and 2032.
The India Savory Yogurt Market will grow at 4.0% CAGR between 2022 and 2032.
The UK Savory Yogurt Market will grow at 4.4% CAGR between 2022 and 2032.
Chahani LLC, Noosa Yogurt, and Fage International S.A. are the companies dominating the Savory Yogurt Market.
The global demand for Savory Yogurt Market is forecasted to surpass US$ 1,811.2 Million by the year 2032.
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